State Street Corp trimmed its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,497,516 shares of the financial services provider's stock after selling 162,826 shares during the period. State Street Corp owned approximately 4.96% of Eagle Bancorp worth $33,814,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in Eagle Bancorp in the second quarter worth $35,000. Point72 DIFC Ltd bought a new stake in shares of Eagle Bancorp in the 3rd quarter worth about $48,000. Carmichael Hill & Associates Inc. boosted its stake in shares of Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider's stock worth $51,000 after purchasing an additional 721 shares during the period. GAMMA Investing LLC grew its holdings in Eagle Bancorp by 102.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Eagle Bancorp by 49.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider's stock worth $57,000 after purchasing an additional 846 shares during the period. Hedge funds and other institutional investors own 78.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EGBN shares. Keefe, Bruyette & Woods boosted their target price on Eagle Bancorp from $25.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Piper Sandler assumed coverage on Eagle Bancorp in a research report on Monday, October 21st. They issued a "neutral" rating and a $27.00 price objective on the stock.
View Our Latest Analysis on Eagle Bancorp
Eagle Bancorp Trading Up 0.6 %
Eagle Bancorp stock traded up $0.16 during trading hours on Friday, hitting $26.71. The company had a trading volume of 1,358,519 shares, compared to its average volume of 312,392. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $806.70 million, a P/E ratio of -19.08 and a beta of 1.09. The company has a 50-day moving average price of $27.66 and a two-hundred day moving average price of $22.94. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $31.51.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.27. The firm had revenue of $180.76 million during the quarter, compared to analyst estimates of $80.31 million. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current year.
Eagle Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 annualized dividend and a dividend yield of 2.47%. Eagle Bancorp's dividend payout ratio is currently -47.14%.
Eagle Bancorp Profile
(
Free Report)
Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.
Further Reading
Before you consider Eagle Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Bancorp wasn't on the list.
While Eagle Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.